Candriam S.C.A. Sells 7,546 Shares of EOG Resources, Inc. $EOG

Candriam S.C.A. trimmed its stake in EOG Resources, Inc. (NYSE:EOG) by 21.2% in the first quarter, Holdings Channel reports. The firm owned 27,982 shares of the energy exploration company’s stock after selling 7,546 shares during the quarter. Candriam S.C.A.’s holdings in EOG Resources were worth $4,045,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Sequoia Financial Advisors LLC raised its position in EOG Resources by 49.6% during the first quarter. Sequoia Financial Advisors LLC now owns 22,820 shares of the energy exploration company’s stock worth $3,299,000 after acquiring an additional 7,567 shares in the last quarter. Waterfront Wealth Inc. bought a new position in shares of EOG Resources in the first quarter valued at about $938,000. Peterson Wealth Services lifted its stake in shares of EOG Resources by 25.0% during the 1st quarter. Peterson Wealth Services now owns 1,719 shares of the energy exploration company’s stock worth $248,000 after buying an additional 344 shares during the last quarter. Beacon Financial Group boosted its holdings in shares of EOG Resources by 8.2% during the 1st quarter. Beacon Financial Group now owns 6,854 shares of the energy exploration company’s stock worth $991,000 after buying an additional 522 shares during the period. Finally, Valued Wealth Advisors LLC grew its stake in EOG Resources by 240.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 272 shares of the energy exploration company’s stock valued at $39,000 after buying an additional 192 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

EOG Resources Price Performance

EOG stock opened at $139.50 on Tuesday. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87. The firm has a market cap of $74.30 billion, a P/E ratio of 13.73 and a beta of 0.25. The company’s 50-day moving average price is $135.56 and its two-hundred day moving average price is $127.75.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating the consensus estimate of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The company had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same period in the previous year, the company earned $2.87 EPS. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. On average, analysts anticipate that EOG Resources, Inc. will post 16.19 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, July 17th. This represents a $4.08 annualized dividend and a yield of 2.9%. EOG Resources’s dividend payout ratio is presently 40.16%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada raised their price objective on shares of EOG Resources from $138.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. Weiss Ratings upgraded shares of EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Mizuho set a $157.00 price objective on shares of EOG Resources and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Zacks Research cut shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Finally, DA Davidson boosted their price objective on shares of EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $155.04.

EOG Resources Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand?alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.